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- Gold trading below USD1,200 ahead of U.S. data
Gold trading below USD1,200 ahead of U.S. data
Gold, currently trading below the key-level of USD1200.00 a troy ounce as investors are awaiting key U.S. economic data later in the day for further indications on the strength of the world's largest economy and when the FED will change its monetary policy. A stronger U.S. dollar and higher interest rates are considered bearish for the precious metal. Traders also keep an eye on the Swiss referendum on SNB's gold reserves scheduled for November 30.
GOLD currently trading below USD1,200.0
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